Business
Usha Resources Provides Corporate Updates
VANCOUVER, BC / ACCESS Newswire / December 5, 2025 / Usha Resources Ltd. (" Usha ", " USHA ...
About this update from Usha Resources Ltd
[{"type":"text","content":"Usha Resources Provides Corporate UpdatesVANCOUVER, BC / ACCESS Newswire / December 5, 2025 / Usha Resources Ltd.(\"Usha\", \"USHA\" or the \"Company\") (TSXV:USHA)(OTCQB:USHAF)(FSE:JO0), a North American mineral acquisition and exploration company, is pleased to provide the following corporate updates.Director ResignationNavin Kumar Varshney has resigned as a Director of the Company, effective immediately.The Company extends its deepest gratitude to Mr. Varshney for his extraordinary contributions, guidance, and leadership since co-founding the Company in 2018. Over the past seven-plus years, Navin has been instrumental in building Usha from inception into a promising lithium-focused explorer, providing steadfast strategic insight, technical expertise, and unwavering commitment through every stage of growth, including the successful advancement of the White Willow Lithium-Tantalum Project and multiple key acquisitions and financings.His decades of experience in capital markets, mineral exploration, and corporate development have been invaluable to the board and management team, and his vision has laid a strong foundation for the Company's future success.While Navin's day-to-day involvement will be missed, the Company is grateful that he will remain available to the Company in an advisory capacity. On behalf of the board and management, the Company thanks him sincerely for his time, wisdom, and tireless efforts, and wishes him all the very best in his future endeavours.White Willow PropertyFurther to its press release dated October 24, 2025, the Company is pleased to announce that it is continuing to proceed with the transaction described therein, whereby Usha will be selling 489 mineral claims that form a part of the White Willow project (the \"Project\") to Totec Resources Ltd. (\"Totec\") as part of Totec's qualifying transaction on the TSX Venture Exchange.Historically, the Company has referred to the Project as a collection of mineral claims assembled from six (6) separate option agreements:White Willow, 712 unpatented mining claims, March 15, 2023Nym Lake, 8 unpatented mining claims, March 29, 2023Rubidium Ridge, 141 unpatented mining claims, July 31, 2023Bingo East, 21 unpatented mining claims, March 23, 2024Bingo West, 86 unpatented mining claims, March 23, 2024Abiwin, 38 unpatented mining claims, April 16, 2024Following...